Closing costs you should expect

There are certain ordinary costs associated with closing the sale of a house. These expenses are commonly split between the buyer and seller, as noted in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in New York to help lead you through the process.

Costs pertaining to your loan to be paid at closing    (Click here for more information)

  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account

Taxes you may be responsible for at closing    (Click here for more information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Click here for more information)

  • Homeowners Insurance
  • Flood or Quake Insurance (optional)
  • Private Mortgage Insurance (PMI) (optional)
  • Title Insurance

Sellers: As we get through the details of your transaction, not only will I work to get the optimal sales price, but I'll also advocate for limited closing costs. And once we've arrived at an agreement, I'll describe in detail the closing costs so you are aware of exactly what you're paying for.

Buyers: If you are buying a house in Bronx County, you will get a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application. The estimate is based on the loan officer's previous experience and is required to be within a reasonable range so you're not surprised when you arrive at the closing appointment. I'll be glad to look through the LE with you, answering your questions and highlighting any estimates that seem questionable.